Headlines 24/02/2020 14:01 CH

Brackets of natural resources consumption taxes on minerals to be changed

Thu Sa

Ministry of Finance promulgates Circular No. 05/2020/TT-BTC on amendments and supplements to Circular No. 44/2017/TT-BTC regulating natural resources consumption tax brackets for minerals with similar physical and chemical properties.

According to this Circular, brackets of natural resources consumption taxes on metallic or non-metallic minerals will be changed, specifically including:

- As for excavated soil used for earthfilling and construction, the minimum taxable price is reduced from 49,000 dong/m3 to 27,000 dong/m3 while the maximum taxable price of 70,000 dong/m3 remains unchanged;

- As for industrial limestone (quarry mineral), the minimum taxable price is reduced from 161,000 dong/m3 to 63,000 dong/m3 while the maximum taxable price is reduced from 230,000 dong/m3 to 90,000 dong/m3;

- As for leveling sand (including saline sand), the maximum taxable price is increased from 80,000 dong/m3 to 200,000 dong/m3; etc.

For more details, please read the Circular No. 05/2020/TT-BTC (entering into force on March 5, 2020).

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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